Romanian court suspends €46m penalty claim against Otokar
A Romanian court has ordered the suspension of enforcement for a €46 million penalty claim against Otokar under the COBRA II armoured vehicle programme.
A Romanian court has ordered the suspension of enforcement for a €46 million penalty claim against Otokar under the COBRA II armoured vehicle programme.
Romania begins distributing the first batch of COBRA II vehicles to army units as deliveries proceed despite contractual tensions over localisation milestones.
Otokar facing a TRY 2bn penalty in a Romanian 4x4 programme highlights how harsh contract clauses can deter bidders and risk delaying capability delivery.
Otokar has agreed to pay compensation over schedule delays in its Romania COBRA II 4X4 armoured vehicle contract; deductions to come from 2025 revenues.
Otokar increased its vehicle sales to 3,430 units in the first half of 2025, driven by strong domestic and global demand, including major defence exports.
Otokar will deliver the first batch of the Cobra II 4x4 vehicles produced in Turkiye to Romania in the fourth quarter of 2025, following the large-scale order.
Otokar strengthens its local footprint through a joint venture and prepares to offer the TULPAR IFV in Romania’s next-generation tracked vehicle programme.
Otokar has established a joint venture with Romania’s Automecanica S.A. to manufacture COBRA II vehicles, marking Turkiye’s largest armoured export deal.
Otokar will establish a new company in Romania to produce COBRA II ACV. This step was taken as part of the €857 million agreement signed with Romania.